SQLI: Oddo raises target price

(CercleFinance.com) - While Oddo maintains its "neutral" rating on SQLI shares, it has increased its target price for them from 31 euros to 38.
5 euros.

The broker refers to the spectacular turnaround in its H1 results, which beat expectations at all levels.

H1 revenues came in at 124.5 million euros, up 9.4% (including 8% at constant exchange rates) with 9.1% growth in France and 9.8% growth internationally.

Oddo says that management is very active in M&A prospecting, both in France and internationally (bolt-on) and overall, it has revised its forecasts, now expecting EPS growth of 10% over 2022-24.


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